Business
Telecoms Operators To Host Lotteries On Networks
The Nigerian Communications Commission (NCC) says it will soon license telecom companies to host lotteries on their networks
Executive Vice Chairman of NCC, Prof. Umar Danbatta said this during the review of the Memorandum of Understanding (MoU) between NCC and National Lottery Regulatory Commission (NLRC), Monday in Abuja.
“Very soon we are going to license our telecomunicators to host lotteries on telecom networks and because the network are regulated by the NCC, we need to be involved.
”That is why the NCC has to be involved from the very beginning to ensure that our operators who will be participating in hosting the lottery services have the capacity to do so.
“The service you are about to introduce will add additional burden to the network and the NCC is always concerned that any burden on the telecommunication’s infrastructure may conspire to degrade quality of service.
He expressed worry, saying, ”we are very much concerned that this does not happen. Our operators that will be participating in your lotteries have the capacity to host this additional very important service because of the empowerment it will be bringing in the country.
“What you are doing rhymes in two places of the eight-point agenda of the NCC in the area of strategic collaboration and partnership with other agencies of government and in the area of protecting and empowering the consumer,” he said.
Danbatta said the hosting of the lottery in the telecom network would empower the Nigerian telecommunication service consumers who may be among the many that would participate in the lottery.
He said NLRC and NCC have an existing Memorandum of Understanding since 2011 which was due for review every four years.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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